“The Medicare tax could pack a punch for certain investors. It is not a sales tax. And it won’t apply to home-sale gains excluded from income under current law. But it could affect investors with outsize gains or gains from the sale of a vacation home or investment property. Determining whether you will be subject to the tax is no easy matter. Here’s what we do know. The new tax will hit individuals with more than $200,000 in adjusted gross income, and married couples with adjusted gross income above $250,000 ($125,000 for married taxpayers filing separately). These thresholds are not indexed for inflation.”
http://www.economicpolicyjournal.com/2012/10/coming-medicare-tax-if-you-sell-your.html
Related posts:
Russian ‘mobile malware’ industry could spread to other countries
Lessons From the World's Most Ruthless Competitor
Obama Says U.S. Will Bomb ISIS in Syria, Train Rebels
Saudi Arabia Just Got Turned Into an ETF
Marc Rich, King Of Commodities, Dead At 78
Italy risks political crisis as MPS bank scandal turns 'explosive'
Are there major mistakes in the bombshell economics book of the year?
China “fully prepared” for currency war: central banker
Negative Yields on Eurozone Sovereign Bonds Becoming New Normal
Sputtering War on Drugs In Afghanistan
CIA preparing to deliver Syrian rebels weapons through Turkey and Jordan
Guy Spent $11,000 On A Coding 'Bootcamp' And Doubled His Salary
17% Would Vote to Secede and Form New State
China saw record capital outflows in November: economist
Thai PM uses cardboard cutout to avoid questions
